FISCAL: Monetary Study by C.E.D.

FISCAL
Monetary Study by C.E.D.
Despite the fabulously complex growth of the
U.S. economy, no major study of the country's monetary system has been
undertaken for nearly 50 years. Early this year Congress turned down
President Eisenhower's appeal for such a study, and almost every
previous Congressional investigation has turned into a partisan
political probe. Last week the Committee for Economic Development
announced receipt of a $500,000 grant from the Ford Foundation for the
first full-scale inquiry into U.S. monetary policies since the Aldrich
Commission of 1908, which laid the foundation of the Federal Reserve
System.